Coheris (COH) H2 2025 TU earnings summary

Executive summary

• Revenue grew by 6.9% in 2025, reaching €14.4M, with both semesters showing solid growth.

• The business benefited from a strong second semester (+7.2%) and a robust first semester (+6.5%).

Financial highlights

• Total business revenue: €14.4M in 2025, up 6.9% year-over-year.

• Software revenue: €9.9M (69% of total), up 2.4% year-over-year.

• Recurring subscription revenue rose 6.5% to €7.3M, offsetting a 9.1% decline in perpetual licenses and maintenance (€2.5M).

• Services revenue: €4.5M (31% of total), up 11.6% year-over-year.

• Annual Recurring Revenue (ARR) at year-end: €10.7M, up 4% from the previous year.

Segment performance

• Software segment saw growth in recurring subscriptions, while perpetual licenses and maintenance declined.

• Services segment achieved double-digit growth, driven by CRM performance on existing and new accounts.